1331 S Jefferson Ave · Saginaw, MI 48601

$39,900

4 bd · 4.0 ba · 3,950 sqft · SingleFamily public records · 5 Days on market

Built 1889 0.46 ac lot

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Steeped in local history, the property historically known as "The Green & Gold Mansion" at 1331 S. Jefferson Ave is ready for its grand revival! Built in 1889, this massive 3,950 sq. ft. historic estate sits on a sprawling 0.46-acre lot and offers an incredible blank canvas for an investor, flipper, or restoration enthusiast. The expansive main floor, currently utilizing a natural gas floor furnace, has already been cleared down to the studs, saving you time and demolition costs while letting you design a custom layout from scratch. Upstairs, the property features 2 independent apartments (heated via electric space heaters) that can remain as a multi-family income source, or easily be converted back into a sprawling layout of massive, grand bedrooms to bring this single-family landmark back to life. With its rich history, significant footprint, and generous yard space, this is a rare opportunity to own a piece of Saginaw's heritage. Schedule your private tour today and bring your vision to a local legend!

Key facts

• Historic estate
• Generous yard space
• Sprawling lot

Tags

• HISTORIC ESTATE
• SPRAWLING LOT
• INDEPENDENT APARTMENTS
• MULTI-FAMILY INCOME SOURCE
• GENEROUS YARD SPACE

Property features AI

Finance

• Other: Property on approximately 0.46 acres; Roads are city/county with curbs and paved streets; Frontage approximately 108 feet; Zoned residential

Exterior

• Parking: No specific parking details provided
• Utilities: Public water; Public sanitary sewer; Electric and natural gas service; Gas water heater
• Home design: Residential property (1 to 4 units); 2-story structure; Built in 1889; Facing road frontage
• Construction: Vinyl siding exterior; Basement/crawl/piers foundation; Basement includes brick and stone elements
• Exterior features: Vinyl siding; Deck; Fenced yard; Porch; Street lights nearby; Corner lot; Main street frontage; Sidewalks; Within city limits

Interior

• Kitchen: Kitchen located on the first floor (approx. 15 x 11)
• Bedrooms: Primary bedroom on the first floor; Second bedroom on the first floor; Two additional bedrooms on the second floor
• Flooring: Hardwood floors
• Bathrooms: Four full bathrooms (combination of first and second floor bathrooms)
• Heating & cooling: Floor furnace; Other heating features (see remarks); Ceiling fans for cooling
• Interior features: Bay window; Hardwood floors; Unfinished room; Formal dining room; Living room; Family room; Great room; Other - see remarks
• Laundry & utility: First-floor laundry room (approx. 9 x 11); Basement with unfinished space

What this means for you Summary

Snapshot

• This is a 4-bed/4.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $781 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Cap rate 29.8% vs local median 8.3% in Saginaw — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#521 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Saginaw School District (urban): math 20% / reading 29% proficiency, ranked #444 of 540 in MI (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 199 active listings in the ZIP; 154 units permitted in Saginaw County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Saginaw County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 27y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $24k; list at $40k implies a 66% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.9% of price; built in 1889 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $39,900

Questions for the listing agent

1. Built in 1889 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.60% ✓
• Cap rate: 29.79%
• Cash-on-cash: 83.93%
• DSCR: 4.73
• GRM: 2.3

CMA / ARV

• ARV (on-the-fly): $292,300
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
616 S Warren Ave	0.73mi	4/2.0	3,567 (-10%)	10mo	$265,000	$74	33

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 84.4%
• Equity multiple: 4.88×
• Total profit: $43,372
• Equity at exit: $5,949

10-year hold

• IRR: 87.6%
• Equity multiple: 10.14×
• Total profit: $102,137
• Equity at exit: $3,450

Cash invested: $11,172 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48601

• Home prices YoY: -32.1%
• Active inventory: 199
• Price-to-rent: 2.3×

Monthly cashflow live

• Estimated rent: $1,438 medium
• Mortgage (P&I): −$209
• Tax from tax record: −$129 /mo · $1,548/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$302
• Net cashflow: $781

Break-even live

Break-even rent $449

Max offer price $39,900

Occupancy floor 41%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Listing history 8 events

1. 2026-06-19
   days on market $39,900 Active 5 DOM
2. 2026-06-18
   days on market $39,900 Active 4 DOM
3. 2026-06-17
   days on market $39,900 Active 3 DOM
4. 2026-06-16
   days on market $39,900 Active 2 DOM
5. 2026-06-16
   days on marketlisting id $39,900 Active 1 DOM
6. 2026-06-15
   days on market $39,900 Active 3 DOM
7. 2026-06-12
   remarks 685-char remark

   Show marketing remark (1036 chars)

   Steeped in local history, the property historically known as "The Green & Gold Mansion" at 1331 S. Jefferson Ave is ready for its grand revival! Built in 1889, this massive 3,950 sq. ft. historic estate sits on a sprawling 0.46-acre lot and offers an incredible blank canvas for an investor, flipper, or restoration enthusiast. The expansive main floor, currently utilizing a natural gas floor furnace, has already been cleared down to the studs, saving you time and demolition costs while letting you design a custom layout from scratch. Upstairs, the property features 2 independent apartments (heated via electric space heaters) that can remain as a multi-family income source, or easily be converted back into a sprawling layout of massive, grand bedrooms to bring this single-family landmark back to life. With its rich history, significant footprint, and generous yard space, this is a rare opportunity to own a piece of Saginaw's heritage. Schedule your private tour today and bring your vision to a local legend!

8. 2026-06-12
   listed $39,900 Active 1 DOM

   Show marketing remark (1036 chars)

   Steeped in local history, the property historically known as "The Green & Gold Mansion" at 1331 S. Jefferson Ave is ready for its grand revival! Built in 1889, this massive 3,950 sq. ft. historic estate sits on a sprawling 0.46-acre lot and offers an incredible blank canvas for an investor, flipper, or restoration enthusiast. The expansive main floor, currently utilizing a natural gas floor furnace, has already been cleared down to the studs, saving you time and demolition costs while letting you design a custom layout from scratch. Upstairs, the property features 2 independent apartments (heated via electric space heaters) that can remain as a multi-family income source, or easily be converted back into a sprawling layout of massive, grand bedrooms to bring this single-family landmark back to life. With its rich history, significant footprint, and generous yard space, this is a rare opportunity to own a piece of Saginaw's heritage. Schedule your private tour today and bring your vision to a local legend!

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,548 · $129/mo
• Projected year-2 tax: $1,548 · $129/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥100°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,259
• − Mortgage interest: −$2,235
• − Property taxes: −$1,548
• − Insurance: −$200
• − Repairs & maintenance: −$1,381
• − Management: −$1,381
• − Depreciation: −$1,161
• Taxable income: $9,355
• Est. tax owed @ 24.0%: −$2,245
• After-tax cash flow: $7,132/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Saginaw School District
• NCES district ID: 2630390
• Math proficiency: 20% ▼ -5.00%
• Reading proficiency: 29% ▼ -3.00%
• Median HH income: $28,940
• Composite: 19.6/100
• National rank: #8755
• State rank: #444 of 540 in MI

Livability — Saginaw

• Score: 63/100
• State rank: #521
• US rank: #15424

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Saginaw, MI
• City population: 32,069
• Population (ZIP): 32,069

Population outlook (Saginaw County) Hauer SSP2

• Today (2025): 180,568 people
• By 2030: 172,302 · -4.6%
• By 2040: 153,919 · -14.8%
• By 2050: 135,519 · -24.9%
• By 2075: 97,199 · -46.2%
• By 2100: 65,037 · -64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 59% White 27% Hispanic / Latino 12% Two or more races 5%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 4%

Political lean MEDSL · Saginaw

• 2024 margin: Toss-up / Even · D 47.7% · R 51.0% · Other 1.4%
• 2008→2024 swing: -20.6pp toward R · 2008: 17.3pp · 2024: -3.3pp
• All cycles: 2024: R+3.3 2020: D+0.3 2016: R+1.1 2012: D+11.9 2008: D+17.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -93.46%
• Current HPI: 197.3359
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+31.9% since first listed

4 events — show timeline

• 2026-06-12 Listed $39,900 MiRealSource-MiMLS
• 2026-06-12 Listed $39,900 MiRealSource-MiMLS
• 1999-06-01 Sold (MLS) $24,000 MiRealSource-MiMLS
• 1999-03-31 Listed $30,249 MiRealSource-MiMLS

Property tax history

+2.0%/yr

Latest (2025): $1,548 · -18.6% YoY. Source: county tax records.